The bill amends the 1929 law regulating the transportation and storage of crude oil, petroleum, and carbon dioxide substances in Michigan. It introduces a new definition for "carbon dioxide substance," clarifying that it refers to a gaseous or liquid substance primarily composed of carbon dioxide that is intended for storage or used in hydrocarbon recovery operations. Additionally, the bill specifies that individuals or entities engaged in the transportation, storage, or sale of these substances must comply with the regulations set forth in the act and do not possess the right to operate pipelines or related infrastructure without authorization.

Furthermore, the bill outlines exceptions to the regulations, stating that rights existing as of March 27, 1929, which are valid and cannot be revoked, are not subject to the new provisions. It also includes an exception for the operation of carbon sequestration wells under the Natural Resources and Environmental Protection Act. The enactment of this bill is contingent upon the passage of two other specified bills in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 483.1